Jeffreries Target Price-$0.60, page-203

I'm not giving advice on what to do with your hard earned. I'm saying your investment thesis is wrong, and appen's collapse has nothing to do with interest rates. If your investment thesis is appen will somehow succeed in the gen AI RLHF space and grow strongly without relying on magnificent 7, that's different, while labour hire firms are needed less and less, this is a statement about the future and no one can see the future.But interest rates causing appen's revenue to sink is a statement about the past and is simply not true, and I said you should not buy appen if you believe when fed RBA cut appen will bounce back strongly. Market price in things in advance, especially the biggest macro event of all rate cuts, yet appen still hasn't bounced, in fact it continues to drop.


Seems like yesterday's afternoon pump was a liquidity grab. Expect a "trading update" coming in a few weeks imho.